Forbes.com: UK's ABI says had constructive meeting with Shell

Reuters, 03.22.04, 9:04 AM ET

LONDON, March 22 (Reuters) - The Association of British Insurers, a leading UK investor group, said on Monday it had held a constructive meeting with oil giant Shell which is under pressure after making reserves cuts.

"The meeting was constructive and we are pleased that the non-executive directors of Shell Transport are listening to the views of shareholders," said a spokeswoman for Peter Montagnon, head of investment affairs at the organisation.

"This is, however, a long-term dialogue and there will need to be further talks in due course. The dialogue needs to be private in nature and therefore we are not able to give out any specific details about what was said in the meeting," she added.